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Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [ 10 ] [ 11 ] VM Motori S.p.A. [ 12 ] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.
Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan [3] and later came under the control of Penske Corporation and Roger Penske in May 1999. Several years later, on July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG. [4]
As of October 2023, Penske's estimated net worth is $3.8 billion. [16] Penske (right) with President Donald Trump (center) and racing driver Joey Logano (left) on the White House south lawn in 2019. Penske Racing donated $500,000 to Restore Our Future, Mitt Romney's Super PAC. [17]
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Ryan Blaney gave Penske consecutive series titles at Phoenix last month after teammate Joey Logano's title-winning run in 2022. ... The new arrangement is worth $7.7 billion when a previously ...
Jay Penske is an American entrepreneur, media and publishing proprietor, live events owner, philanthropist, and real estate investor. He is known for building and developing one the world’s largest media and live events companies, Penske Media Corporation, which he created in 2004.
Your net worth skyrockets after $100,000 in America, according to this personal finance expert — here’s why and how to reach the six-figure mark in 2025 Moneywise February 12, 2025 at 7:11 AM